Union Bank Q4 profit surges 50%, cautions on margin pressure amid...

Union Bank Q4 profit surges 50%, cautions on margin pressure amid RBI rate cuts

Δημοσιευμένα

Union Bank of India witnessed a significant 50% surge in net profit, reaching ₹4,985 crore for the March quarter, fueled by increased non-interest income and reduced provisions. However, the bank anticipates pressure on net interest margins due to potential rate cuts by the RBI. While loan growth fell short of targets at 8.

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